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Irish dairy co-op Tirlán cut its September milk base price to 41.58c/L including VAT, down 4.0c/L from August, with an average creamery price of 53.79c/L after composition adjustments. Chair John Murphy blamed surging European milk supply and solids output that demand has not matched.
Oversupply of European milk and milk solids weighs on dairy product prices and farmgate returns, which can reduce demand for dairy-linked feed and signal softer milk pricing for feed buyers serving dairy herds.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.